Amryt Pharma on track for orphan designation for pre-clinical AP10 drug
Francesca Morgan
RNS Newswire
07:57, 15th September 2020

Amryt Pharma (AIM: AMYT FOLLOW) said the European Medicines Agency ("EMA") Committee for Orphan Medicinal Products ("COMP") has adopted a positive opinion for orphan designation for the use of its preclinical development, AP103, in Epidermolysis Bullosa ("EB").

The commercial-stage biopharmaceutical group focused on serious and life-threatening rare diseases said AP103 is based on its gene-therapy platform technology and offers a potential treatment for patients with Dystrophic Epidermolysis Bullosa ("DEB"), a subset of EB.  

DEB is an incurable, inherited, and often fatal skin blistering skin disorder caused by a lack of collagen protein in the skin. This makes the skin incredibly fragile, leading to blistering or skin loss at the slightest friction or knock. It is both progressive and incredibly painful.

Orphan drug designation in the EU is granted by the European Commission within 30 days of a positive opinion being issued by the EMA COMP. The designation gives regulatory and financial incentives such as product market exclusivity for 10 years in the EU once approved.

Orphan designation is available for those developing treatments for a life-threatening or chronically debilitating condition affecting no more than five in 10,000 persons in the EU.

Amryt told investors that it plans to submit an orphan drug designation request for AP103 to the US Food and Drug Administration ("FDA") ‘in the near future.’

Shares in Amryt Pharma have climbed from lows of 155p in the past week and were trading 8.50% higher at 217p this morning following the announcement.

"Receiving this positive opinion from the EMA for our gene-therapy candidate, AP103, is a significant development for patients suffering from Epidermolysis Bullosa and provides additional momentum to our development pipeline,” said CEO, Dr Joe Wiley.

AP103 is the first gene therapy product candidate based on our novel polymer-based topical gene-therapy delivery platform, which also has potential use for the treatment of other rare genetic diseases. Amryt intends to initiate AP103’s clinical development in 2022’s first half.

He added, “Unlike other gene therapies that rely on viral vectors, AP103 is based on a novel polymer-based topical delivery platform, which we believe offers potential advantages in the gene-therapy field and has potential to be used in other genetic skin conditions.”

“Alongside our recent positive top line readout from our Phase 3 EASE trial in FILSUVEZ®, today's news further illustrates the exciting clinical opportunities in Amryt's portfolio. 

These milestones relating to our efforts in Epidermolysis Bullosa are significant for all Amryt stakeholders as we build a global Epidermolysis Bullosa franchise and become a leader in rare and orphan diseases,” he said.

Follow News & Updates from Amryt Pharma here: FOLLOW

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Comments
info
Login or register to post comments

Recent Articles
Watchlist